Simulations Plus Inc (SLP)

Inventory turnover

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Cost of revenue	US$ in thousands	11,630	10,822	10,600	10,649	9,026
Inventory	US$ in thousands	804	1,391	1,012	970	765
Inventory turnover		14.47	7.78	10.47	10.98	11.80

August 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $11,630K ÷ $804K
= 14.47

As the provided data for Simulations Plus Inc. does not include the specific figures for inventory turnover for the years specified, it is not feasible to compute and analyze the inventory turnover ratio for the company. To conduct a comprehensive analysis of inventory turnover, specific information on cost of goods sold and average inventory for each of the given years is necessary. Without these figures, it is not possible to derive the inventory turnover ratio or provide a detailed analysis.

For a more thorough assessment of Simulations Plus Inc.'s inventory turnover, obtaining the required financial data and calculating the ratio using the formula "Cost of Goods Sold / Average Inventory" for each year would be indispensable. This would enable a comprehensive evaluation of the efficiency of the company's inventory management over the specified period.